Ong & Company Blog

Nick Ong

Recent Posts

2021 Year-End Tax Planning Opportunities for Individuals & Businesses

Nick Ong / December 03, 2021 /

Tax Planning

2021 has brought another year of changes in tax legislation. We have seen additional COVID-19 relief efforts tied to the tax code, passing of the $1T infrastructure bill (Infrastructure Investment ...

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SBA Restaurant Revitalization Fund - Applications Open Monday

Nick Ong / April 30, 2021 /

COVID-19 Relief

The SBA will begin accepting application for Restaurant Revitalization Fund grants on Monday, May 3rd, at 12:00 PM ET. The portal has been opened on the SBA website at ...

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COVID-19 Relief Planning - Update on the New Tax Bill

Nick Ong / January 01, 2021 /

On Sunday, December 27th, President Trump signed a major legislative package (The Consolidated Appropriations Act, 2021) that includes $900B in COVID-19 relief and $1.4T in government spending for ...

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2020 Year-End Tax Planning Opportunities for Individuals & Businesses

Nick Ong / December 02, 2020 /

Tax Planning

In a year with COVID-19 relief efforts tied to the tax code, and a presidential election that will bring potential tax law changes in the future, now is the time to consider year-end tax planning ...

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Trump Versus Biden Tax Plans: Analysis & Planning Opportunities

Nick Ong / October 30, 2020 /

Tax Planning

With Election Day right around the corner, we wanted to highlight the significant differences in the tax plans of the presidential candidates. The majority of this blog post will focus on proposed ...

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PPP Flexibility Act Updates & Forgiveness Planning

Nick Ong / June 05, 2020 /

COVID-19 Relief

The Senate unanimously approved the Paycheck Protection Program (PPP) Flexibility Act of 2020 (H.R. 7010) this week, which will bring significant changes to the terms of the loan program.The bill ...

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COVID-19 Relief Opportunities: Updates for Employers & Self Employed Individuals

Nick Ong / April 28, 2020 /

Self Employment, Tax Planning

On April 24, 2020, President Trump signed the Paycheck Protection Program (PPP) and Health Care Enhancement Act into law. The act provides $320 billion in supplemental funding for the PPP and ...

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COVID-19 Relief Opportunities

Nick Ong / April 03, 2020 /

Self Employment, Tax Planning

Our team has been working hard to stay up to date on the planning opportunities under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which was signed into law on March 27, 2020. If ...

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2019 Federal Tax Filing and Payment Deadline Extended to July 15, 2020

Nick Ong / March 28, 2020 /

Tax Planning

On March 20, Treasury Secretary Mnuchin announced that the 2019 tax filing deadline has been extended to July 15, 2020. According to Mnuchin, “All taxpayers and businesses will have this additional ...

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Families First Coronavirus Response Act (FFCRA) Payroll Updates

Nick Ong / March 28, 2020 /

Tax Planning, Payroll

The Families First Coronavirus Response Act (FFCRA), which goes into effect April 2, 2020 and expires December 31, 2020, responds to the coronavirus outbreak by providing additional assistance in the ...

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